UK - Clerical Medial is to enter the annuity market under the brand name FutureProof.
The firm is introducing two products – the Secure Annuity and the Invested Annuity – with the aim of making Clerical Medical one of the top-tier annuity providers.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.